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Northrim: 4Q Earnings Snapshot

ANCHORAGE, Alaska (AP) _ Northrim BanCorp Inc. (NRIM) on Monday reported net income of $4.8 million in its fourth quarter.

The Anchorage, Alaska-based bank said it had earnings of 69 cents per share.

The holding company for Northrim Bank posted revenue of $24.9 million in the period. Its revenue net of interest expense was $23.9 million, which topped Street forecasts.

For the year, the company reported profit of $20 million, or $2.86 per share. Revenue was reported as $93.4 million.

Northrim shares have climbed 3 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $33.89, falling slightly in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NRIM at https://www.zacks.com/ap/NRIM